The Sanctions & Export Controls Update blog, published by Baker McKenzie, focuses on legal developments and regulatory changes related to international sanctions and export control regimes. It covers topics such as updates on sanctions imposed by governments and international bodies, compliance requirements for businesses, enforcement actions, licensing procedures, and the impact of sanctions on cross-border trade and transactions. The blog also addresses specific country sanctions, dual-use goods regulations, and coordinated international sanctions efforts, providing insights relevant to multinational corporations, legal practitioners, and compliance professionals navigating complex sanctions landscapes.
Against a backdrop of rising geopolitical tensions and the growing use of economic measures as tools of national security, companies are facing an increasingly complex and fast‑moving regulatory environment.
Milan Trade Day 2026 will examine key developments relating to EU…
The UK Government has introduced the Sanctions (EU Exit) (Miscellaneous Amendments) Regulations 2026 (the “Regulations“), which will come into force on 12 May 2026 (see here).
The Regulations introduce Sanctions End-Use Controls (“SEUC“), a new licensing requirement which the…
On 22 April 2026, the Syria (Sanctions) (EU Exit) (Amendment) Regulations 2026 (the “Syria Amendment Regulations“) came into force, amending the Syria (Sanctions) (EU Exit) Regulations 2019 (the “Syria Sanctions“) to remove trade restrictions relating to luxury goods, gold, precious…
At a glance
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On April 14, 2026, the US Department of the Treasury’s Office of Foreign Assets Control (“OFAC“) issued two new general licenses (“GLs“) — GL 56 and GL 57, which further ease longstanding US sanctions targeting Venezuela. OFAC also issued a…
On April 8, 2026, the US Department of the Treasury’s (“Treasury“) Financial Crimes Enforcement Network (“FinCEN“) and the Office of Foreign Assets Control (“OFAC“) issued a joint proposed rule (“Proposed Rule“) to implement provisions of the Guiding and Establishing National…
Join us at our flagship Annual Compliance Conference 2026, comprising a series of six global webinars. The conference – taking place against the background of ongoing geopolitical turbulence – will provide you with global insights on international trade (sanctions, export…
On April 17, 2026, the US Department of the Treasury’s Office of Foreign Assets Control (“OFAC”) issued Russia‑related General License No. 134B (“GL 134B”), extending the duration of General License No. 134A, which authorized certain transactions involving crude oil and…
On 15 April 2026, the UK Office of Financial Sanctions Implementation (“OFSI”) published a strategy document setting out its intentions for 2026-29, and marking its 10 year anniversary.
The strategy document establishes a framework built around the following pillars:
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